Dividend Policy As Strategic Tool Of Financing In Corporate Organizations

(A CASE STUDY OF FIRST BANK PLC AND ECO BANK NIGERIA PLC) ABSTRACT This study investigated dividend policy as a strategic tool of financing in corporate organizations in Nigeria. Specifically, it examined the nature of relationship between dividend payments and the value of the firms. The study employed secondary annual data, collected from two selected commercial banks operating in Lagos State over a period of twenty years from 1988 to 2008. The secondary annual data were sourced from annual reports and statement of Accounts of the selected commercial banks and the c…